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Rating and Valuation (Miscellaneous Provisions) Act 1955
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- UK Public General Acts
- 1955 c. 9
- SECOND SCHEDULE
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Section 5.
SECOND SCHEDULEDeductions from gross value
| (1) | (2) | (3) |
|---|---|---|
| Gross value | Deduction from gross value outside London | Deduction from gross value in London |
| Not exceeding £15 | 40 per cent. of the gross value. | 40 per cent. of the gross value. |
| Exceeding £15 but not exceeding £20 | £6 together with 30 per cent. of the amount by which the gross value exceeds £15. | £6 together with 30 per cent. of the amount by which the gross value exceeds £15. |
| Exceeding £20 but not exceeding £40 | £7, or 25 per cent. of the gross value, whichever is the greater. | £7 together with 25 per cent. of the amount by which the gross value exceeds £20. |
| Exceeding £40 but not exceeding £100 | £10, or 20 per cent. of the gross value, whichever is the greater. | £12 together with 20 per cent. of the amount by which the gross value exceeds £40. |
| Exceeding £100 | £20 together with 16f per cent. of the amount by which the gross value exceeds £100. | £24, or £20 together with 16 2/3 per cent. of the amount by which the gross value exceeds £100, whichever is the greater. |
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